1
Selecting
Mutual Fund
Although there are more than
3700 mutual fuOOs 10 buy,sdc:cting
a fund does rot have to coin
First, detrnnine what your ob
jectives are. Are yo u high risk
taker woo wants better resul
quicker? Or are you looking for a
more conservativ long-term in-
tment?
Go· with a fund with a good
record over periods of three, fiVe or
10 years. When you compare per
formances, be sure to compare ap
ples apples. For exampl if you
invested in a balanced.fum, which
holdsstocksandbonds,d n'tcorn
pare this to a fund which invcs
only in 't
perd, because f can eat �
your investment profit, especially
in the bort term,
Look for fuOOs that don't carry
a sales charge, called no-load
funds.
Avoiding
an IRS Audit
The Internal Reven Service
may � you on the sboulder if you
claim exemptions or dedoctions
which are commonly abused.
�k the number of your depend
ents you are claiming and make
sure you can provid birth dates
and . . al security nurri of chil
dren or deperdent persons.
If you can't, this may cause a
red flag to go up.
Be sure to pay self-employ
ment tax and to report early pen
sionwitbdrawals.Ard.Hyoudon't
list a child-care provider's tax ID
number on Form 2441, you can't
claim the dependent -care credi t
Moreover a 00 e office can't be.
deducted if it i unwarranted, You
can't turn a bOO debt. uch as an
unpaid loan to a friend, into a busi
ness deduction on Schedule C You
rmst write it off on Schedule D
a capital I .
Check with your tax preparer or
th IRS before clajming any de
duction.
Renting to Own
You have your eye n a !1e\V
tereo, but a friendl y clerk tells you
can have a whole entertainment
center for just a few dollars more
ona rent to own plan. little do you
realize that over the period of the
contract, you may paying three
tim the Cost of tbe items.
Forexample,ifyoufirxia tereo
that $350 but decide to n r
a rent-to-buy ment at 17 per
w k for 52 weeks you will wind
up paying nearly , If you
hould miss a payment, th prop
ertymay re . But if you
save 17 per month, you could buy
that same reo ina little I than
ix months.
Critics of the 3, illion rent-
to-own busi y it targ low-
income corsum preying on the
rwhodon'thav creditorwho
have credit..
from uni ty ."
ee
ational P
Club, featured tary rownand
R v. J n. Th audience of over
o pe ple included many 0 th
nation' mo t recognized Bl
leadership figures, Secretary
Brown told th group that BI k
run bu i es, uch publishing
operations, were th key to Blacks
gaining onomic equi ty in Amer
ica. " an African Am rican, I can
tell you that the investm nts and
a tivi ty w need is in the private
ctor, not th publi one," aid
Brown, who j the on of a former
manager of Harlem' famed Ther
a Hotel.
Jesse Jackson complimented the
Black Press on its successes over
the past 166 years.
A
By RON SEIGEL
Sp.cl.' to the Mlchlg.n Citizen
According to Ch ryl Harp f th
Lamba Pi Omega Chapter of the fra
ternity Alpha Kappa Alpha April i
Black Dollar Month.
The purpo e of thi e ort, she
said is to get people to demonstrate
the power of Black doll to upport
local Black busin e th reby i n
creasing the power 0 th 81 k com
munity.
la
-
their expenditur . Th Y re al 0 than half of it in their own communi- ,
ked to ncourag others to upp rt ti , he aid.
the effort. In order to docum nt the pro r '
of th driv Harp aid, people ar
asked to try to p nd two dollar bill
or the Susan B. Anth ny doll r. .
Harps noted that nth ny was a
trong supporter of Bla k civil ri hts
in h r lifetime, ,0 thi i a ymboli
ge ture.
, , � , Durin the re of the year the
11 RII F bu. 1- Alpha Kappa Alpha chapter will b
nes cs in thi country re mall on ,-hOlding w r op . eopl
hieh hire ewer than five mplo - tart .
ees, he aid.
African merican
pend $3 billron. but
If uch us in 'arc uppo rt d
h aid, they can provide job and
employment opp rtuniti and help
communitie " urvive and thrive" by
providing tax a e for mor TV
i e .
Mark A. Haywood ha been
named Minority Bu ines
Program Coordinator of
Michigan Consolidated Ga
Company (MichCon), respon-
ible for for coordinating all
activitie of MichCon's Minor
ity procurement Program and
the Minority Vendor Loan pro
gram. Haywood, obtaining
hi bachelor's degree in ac
counting from the University
of Michigan and his law de
gree from Wayne State Uni
ver ity, joined MichCon in
1984 as a tax accountant.
I -
PROJECT
ANG UP IF YOU SUSPEa A FRAUDULENT
·50U(ITATIO
SK QUESTIONS UNTIL YOU ARE SATISFIED
o TO HIGH PRESSURE SALESPERSONS
-,
ET A WRllTEN EXPLANATIO OF THE PROGRAM
SCRU ULOUS CALLERS T Y TO RUSH OR FORCE
YOU INTO SAYING YES, SAY NO
OU(E ORGANIZATIONS WITH LEGITIMATE
OG S WILL ANSWER YOUR QUESTIONS
IF YOU ARE UNCOMFORTABLE WITH A CALLER •.•
EMS , Il'S YOUR TIME, IT'S YOUR TELEPHO E ...
J
A MESSAGE FROM THE MICHIGAN STATE POUCE
TItOOPERS ASSOCIA T10N AND THE MICHIGAN STATE POU<!E
(OtfTAOTHE
STATE POUCE OOPERS ASSOCIATION AT (517) 484-6772
,HOLLYWOOD
FASHIONS
Gospel Hours
W.C.H.B.1200AM-7a.m. -11a.m.
Every Sunday Morning
Rev. Wilmore Allen
. Rev. AJ. Rogers
Joe Ella Li�ely
Catherine Robinson
894-8774
298-6333
298-6334
298-6335
Gloria·Parker - Lorraine Walker - Bro. Dunkin
Henry Ruff Rd, Inkster, MI
Did you know that ...
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